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Dec 7, 2012
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team obama and team boehner are back at the negotiating table. but there is still substantial disagreement on tax rates, tax revenues, domestic spending and entitlement reform and the clock is ticking. speaking of tax hikes, europe's grand experiment with taxing the rich more is falling apart, especially in france and britain. and here at home, california and new york are passing through the 50% tax rate barrier. is anybody looking at how tax hikes fail the test of economic growth? >>> back here in the u.s., could it be michigan which used to call itself the worker's paradise union state is now moving towards new anti-union right-to-work legislation and it looks like it's going to pass? but first up, budget talks resume between speaker john boehner and president obama today. with just 25 days to go, let's keep tabs on where we stand. reports of a conservative backlash against speaker boehner simply not true. he has the solid support of his leadership and the rank and file. but there is concern among some in the gop that they are at risk of becomi
team obama and team boehner are back at the negotiating table. but there is still substantial disagreement on tax rates, tax revenues, domestic spending and entitlement reform and the clock is ticking. speaking of tax hikes, europe's grand experiment with taxing the rich more is falling apart, especially in france and britain. and here at home, california and new york are passing through the 50% tax rate barrier. is anybody looking at how tax hikes fail the test of economic growth? >>>...
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Dec 3, 2012
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meanwhile president obama and michelle obama paid tribute to this year's recipients of the kennedy honors. they're recognized for contributions to the arts. >> when the brits in additionally kept their distance, led zeppelin grabbed america from the opening. we were ready for what jimmy called songs with a lot of light and shape. it's been said that a generation of young people survived teenage angst with a pair of head phones and a zeppelin album and a generation of parents wondered what all that noise was about. >>> in the united states today, november ism manufacturing index out at 10:00 eastern. forecast for a reading of 51. also october construction spending. expected to rise half a percent. and james bullard speaks about the monetary policy at 1:40 p.m. a pretty light day for earnings. look for results from pep boys. they are after the close. as far as u.s. futures are concerned right now, we are implied for an upward start. s&p 500 called up 1.5 points, nasdaq 20. dow has been down last two months #%. nasdaq up about 1%. s&p up 0.3%. singapore airlines has confirmed it's in talks t
meanwhile president obama and michelle obama paid tribute to this year's recipients of the kennedy honors. they're recognized for contributions to the arts. >> when the brits in additionally kept their distance, led zeppelin grabbed america from the opening. we were ready for what jimmy called songs with a lot of light and shape. it's been said that a generation of young people survived teenage angst with a pair of head phones and a zeppelin album and a generation of parents wondered what...
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Dec 5, 2012
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today president obama will meet with members of the business round table. plus, on the economic calendar, the november adp report on employment is due at 8:15 eastern. u.s. equity futures at this hour are indicated higher. not much happened yesterday. it's wednesday, december 5th, 2012, and "squawk box" begins right now.
today president obama will meet with members of the business round table. plus, on the economic calendar, the november adp report on employment is due at 8:15 eastern. u.s. equity futures at this hour are indicated higher. not much happened yesterday. it's wednesday, december 5th, 2012, and "squawk box" begins right now.
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Dec 20, 2012
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president obama has threatened to veto the bill. the president says he's puzzled by what's holding up budget talkes and that house republicans should stop trying to score a point against him. >> take the deal. you know, they will be able to claim that they have worked with me over the last two years to reduce the deficit more than any other deficit reduction package, that we will have stabilized it for ten years. that is a significant achievement for them. they should be proud of it. but they keep on finding ways to say no as opposed to finding ways to say yes. >> senate minority leader mitch mcconnell says he believes a deal could be reached by the end of the week. how much of an impact will the fiscal cliff have on businesses? cnbc caught up with martin sorrell and asked him what he's expecting coming 2013. >> it toughened up as we started the year. we started with a budget revenue of 4%. having done 4% in the first quarter, we were feeling relatively optimistic and we said it would be better than the 4%. from then on, it started
president obama has threatened to veto the bill. the president says he's puzzled by what's holding up budget talkes and that house republicans should stop trying to score a point against him. >> take the deal. you know, they will be able to claim that they have worked with me over the last two years to reduce the deficit more than any other deficit reduction package, that we will have stabilized it for ten years. that is a significant achievement for them. they should be proud of it. but...
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Dec 11, 2012
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while he disagrees with president obama's call to raise taxes on top earners, quote, the negotiations require a good and take. still to me it sounds like a lot of the same. but we'll leave it there. they will be leading off every hour with a special mission critical rise above report talking to lawmakers pushing them as to why there is no deal to avoid the fiscal cliff and explain what's at stake. i think they may be chasing people down the halls to some extent. >> to be a fly on the wall. >> i guess it's more. we will hear becky personally. >> becky will remind us what's going on today. a pen fee of them will go october trade sales. the like day for earning, that's due before the opening sales. >> always a good read. >>> protests in egypt's tahrir square turns to violence this morning with nine reportedly injured from an unknown gunman. we'll have the latest from cairo when we come back. >>> you are watching "worldwide exchange." these are your headlines. talks on the cliff seem to be advancing as the gop is ready to negotiate. >>> berlusconi sets up the rhetoric on monti. and hsbc s
while he disagrees with president obama's call to raise taxes on top earners, quote, the negotiations require a good and take. still to me it sounds like a lot of the same. but we'll leave it there. they will be leading off every hour with a special mission critical rise above report talking to lawmakers pushing them as to why there is no deal to avoid the fiscal cliff and explain what's at stake. i think they may be chasing people down the halls to some extent. >> to be a fly on the...
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Dec 4, 2012
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ever since obama won the election, we are now in deal mode. i have to tell you, we're going to have a stellar year. it's going to be at a price. the price is going to be -- january is probably going to be much worse than predicted. february, march, et cetera. we're borrowing for the future, yet again. >> that's a really good point. is this just a short-term thing? next year in 2013, once we see cap gains taxes go much higher, which they probably will, do things slow down again? >> oh, yeah. i think it will slow down again. i think people will hunker down, particularly are the whole fiscal cliff story hanging. even if it goes over, which i predict it will -- >> so do i. >> diana, what are you seeing? >> in the high ends where dolly works, of course it's going to have a big effect. let's keep this in perspective when we look at the housing recovery. homes price ed over $1 million were just 1.7% of sales in october. this is a minuscule amount when you look at the overall housing market and the recovery. that's why we're not seeing prices come dow
ever since obama won the election, we are now in deal mode. i have to tell you, we're going to have a stellar year. it's going to be at a price. the price is going to be -- january is probably going to be much worse than predicted. february, march, et cetera. we're borrowing for the future, yet again. >> that's a really good point. is this just a short-term thing? next year in 2013, once we see cap gains taxes go much higher, which they probably will, do things slow down again? >>...
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Dec 8, 2012
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obama wants even more spending increases. and a lot of republicans, conservatives, are saying you know what? we don't want a tax hike at all. we give boehner credit but we don't want a tax hike. this is not the time. it's a very anemic economy. let's just let the democrats have their tax hike and we'll be done with it. other than that, jimmy, i don't think this thing gets done. that's what i'm coming around to. >> well, i think that there's a chance to that. a chance for that to happen in the scenario that you just described. but i don't think that is what happens. frankly, i think with the vice president saying today that the issue of whether the top rate is 39.6 or 37 it's really doesn't matter. that was a huge olive branch as our colleague just said. this is a signal, a smoke signal like a vatican smoke signal sent from the administration to speaker boehner today. >> but that's been out there before. >> i understand that. >> there's only a handful of republicans, what are you going to get, a percentage point? mark seimone,
obama wants even more spending increases. and a lot of republicans, conservatives, are saying you know what? we don't want a tax hike at all. we give boehner credit but we don't want a tax hike. this is not the time. it's a very anemic economy. let's just let the democrats have their tax hike and we'll be done with it. other than that, jimmy, i don't think this thing gets done. that's what i'm coming around to. >> well, i think that there's a chance to that. a chance for that to happen in...
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Dec 6, 2012
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president obama thinks they're about fairness. most americans, solid majority, want to see taxes raised on those upper income americans, even though only 19% think it will have much of an impact on deficits. it's not about the fiscal crisis. it's about fairness in the minds of most americans. president obama understands that and republicans don't. >> is that because in your polling day, i always thought that people favored spending reduction and favored smaller government. this may be a mistake that the gop has not emphasized spending cuts. >> they certainly do. most people -- two out of three people want to see a deal that includes both tax hikes and spending cuts. they want to see more spending cuts, but they don't expect spending cuts to come out of this no matter what happens. in fact, the one thing that most people in the middle class believe is that regardless of whether we go over the fiscal cliff or whether a deal is reached to avert that, middle class taxes are going up, and so is spending. so there's a lot of cynicism in
president obama thinks they're about fairness. most americans, solid majority, want to see taxes raised on those upper income americans, even though only 19% think it will have much of an impact on deficits. it's not about the fiscal crisis. it's about fairness in the minds of most americans. president obama understands that and republicans don't. >> is that because in your polling day, i always thought that people favored spending reduction and favored smaller government. this may be a...
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Dec 22, 2012
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president obama calls for compromise. he has an urgent plea to extend the tax cuts in the next ten days. he's basically calling for a stopgap bill that will avoid tax hikes on 98% of americans. he's willing to waiten o the rest. >>> meanwhile, stocks had a fiscal cliff selloff. but even a deal in january for the cliff is going to be all right if you ask me. and today's economic numbers pretty darn good. and the gun control debate heats up again today after a controversial nra news conference in washington. the "kudlow report" begins right now. >>> all right. let's first look at the market reaction to this fiscal cliff stuff. jackie joins us with the details. good evening, jackie. >> good evening to you, larry. while markets finished lower on the day, they were higher on the week. the dow up about .5%, the nasdaq higher by 1.7%, and the s&p 500 up by roughly 1.2% over the last five days. meantime in terms of sector performance, the financials, they had a rough day. the plan "b" proposal for the fiscal cliff. up more than 3
president obama calls for compromise. he has an urgent plea to extend the tax cuts in the next ten days. he's basically calling for a stopgap bill that will avoid tax hikes on 98% of americans. he's willing to waiten o the rest. >>> meanwhile, stocks had a fiscal cliff selloff. but even a deal in january for the cliff is going to be all right if you ask me. and today's economic numbers pretty darn good. and the gun control debate heats up again today after a controversial nra news...
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Dec 27, 2012
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president obama has been in the october due to a cough. his doctors remain cautiously optimistic about his condition. >>> samsung is now taking on issues with shoes in the u.s. >>> welcome back. we're keeping an eye on the strong winter storm that pounded the midwest and southeast and is now thrashing the northeast. it knocked out power to homes in days, a lot of them in arkansas. it has created havoc on the roads and at airports. flightaware.com says more than 1500 flights have been canceled since tuesday. reynolds wolf joins us now. reynolds, my family is headed back in a couple of days. are they going to make it in? >> oh, my goodness. it's going to be a tough time for people in the northeast. this storm, affecting so many millions of americans. today we'll have wind, rain and snow. buffalo could see up to a fought of snow. southeast, cool and try for the most part. snow possible in the sierra nevada. in parts of the pacific northwest, you might see rain in the valleys, but high aloft it's mainly going to be snow. in terms of air travel
president obama has been in the october due to a cough. his doctors remain cautiously optimistic about his condition. >>> samsung is now taking on issues with shoes in the u.s. >>> welcome back. we're keeping an eye on the strong winter storm that pounded the midwest and southeast and is now thrashing the northeast. it knocked out power to homes in days, a lot of them in arkansas. it has created havoc on the roads and at airports. flightaware.com says more than 1500 flights...
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Dec 28, 2012
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president obama will meet with congressional leaders again today i
president obama will meet with congressional leaders again today i
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Dec 14, 2012
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eastern time president obama will address the nation about this shooting at sandy hill elementary. the president will be coming out with more. you're there. it is an incredibly chaotic scene that's going on. we're both parents on this set. it's striking parents today. we'd like to be at our school. have you had a chance to speak with many people about their feelings, generally about school security, whatever it might be? it's impossible to formulate a smart question today? >> reporter: right. exactly. what we have heard and the information, i have not spoken to any parents directly. what we have heard is what's been unfolding. we've had producers on the scene. you've seen the visuals of the parents running up the hill, some of them being reunited with their kids. we can all imagine the circumstances and the feelings involved. you mentioned a chaotic scene but there's unfortunately also some organized chaos here, and that is because we trained for this or law enforcement trains for this. school officials train for this now, the possibility. >> michelle, isn't that one of the tragedi
eastern time president obama will address the nation about this shooting at sandy hill elementary. the president will be coming out with more. you're there. it is an incredibly chaotic scene that's going on. we're both parents on this set. it's striking parents today. we'd like to be at our school. have you had a chance to speak with many people about their feelings, generally about school security, whatever it might be? it's impossible to formulate a smart question today? >> reporter:...
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Dec 28, 2012
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also, as supplies from the obama team, ep achieve lisa jackson stepping down. can the coal companies finally breathe a sigh of relief? guess what happened in britain when the uk banned handguns. the surprising result that could change the gun control debate. "the kudlow report" start ises right now. >>> the big news tonight, still the developments in washington on the fiscal cliff, eamon javers joins us with the details. >> good evening, meshel. capitol hill sources tell cnbc that congressional leaders are planning to go to the white house tomorrow to meet with president barack obama and it is not entirely clear at this point when that meeting will take place and details are still being hammered out and we saw today a blistering series of rhetorical jabs from one side to the other and it's not clear as a result of all that whether a deal can, in fact, get hammered out in the remaining time before new year's eve and take a listen to senate republican leader mitch mcconnell earlier today explaining the problems he's facing in washington. take a listen. >> the tru
also, as supplies from the obama team, ep achieve lisa jackson stepping down. can the coal companies finally breathe a sigh of relief? guess what happened in britain when the uk banned handguns. the surprising result that could change the gun control debate. "the kudlow report" start ises right now. >>> the big news tonight, still the developments in washington on the fiscal cliff, eamon javers joins us with the details. >> good evening, meshel. capitol hill sources...
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Dec 14, 2012
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obama and boehner try to stall budget talks. shanghai shares see their biggest daily gain in more than thee years. and japan's business sentiment sours in the fourth quarter days after fresh elections. >>> u.s. officials have confirmed the nation is deploying patriot missiles and 400 troops to turkey to help the country against potential attacks in esyria. in egypt, sis citizens are preparing to vote t in first round of the referendum on president morsi's powers. for more, we are joined now by peter apps, political correspondent at reuters. peter, good morning. >> good morning. >> thanks for joining us. what are you expecting out of the vote this weekend which apparently is one out of two votes we're going to see on the constitution. >> i think the simplest thing is it will not solve anything. it's not clear at the moment how much of the opposition supporters are going to vote if in this referendum and how many are going to boycott it. what we know is whatever happens these protests are not going to stop. that's going to put mor
obama and boehner try to stall budget talks. shanghai shares see their biggest daily gain in more than thee years. and japan's business sentiment sours in the fourth quarter days after fresh elections. >>> u.s. officials have confirmed the nation is deploying patriot missiles and 400 troops to turkey to help the country against potential attacks in esyria. in egypt, sis citizens are preparing to vote t in first round of the referendum on president morsi's powers. for more, we are...
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Dec 28, 2012
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the obama tax cuts. i'm calling it first. the obama tax cuts. he's going to write a tax cut bill, send it up to the hill, and they're going to pass it. >> expires on january 2nd. >> do we make them permanent, jimmy? 98% of them will be made permanent? >> i hope not. that is not the job of the government. the government's job is to raise taxes and to lower taxes when our economy needs it. that's what the senate does. john breaux, former senator john breaux from louisiana sat on the floor during the 2001 tax bill and said our job is to raise taxes when they need to be raised and lower them when they need to be lowered. that's the senate and the house's job. >> but, one man's -- is another man's -- if you look at the laugher curve you don't know when to raise and when to lower at this point. >> president obama kept bush's taxes in for two years. >> i know. >> but suddenly, you know, democrats like you love the 98%, and you hate the 2%. it's very weird. >> tell him, joe. >> don't hate the 2%. i'm not a self-
the obama tax cuts. i'm calling it first. the obama tax cuts. he's going to write a tax cut bill, send it up to the hill, and they're going to pass it. >> expires on january 2nd. >> do we make them permanent, jimmy? 98% of them will be made permanent? >> i hope not. that is not the job of the government. the government's job is to raise taxes and to lower taxes when our economy needs it. that's what the senate does. john breaux, former senator john breaux from louisiana sat on...
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Dec 21, 2012
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bush and the left, if you want to call it that, the center left in the united states, obama has given away more middle class entitlements, the unfunded medicare stuff, things like that. it's partly about the fiscal cliff. it's more about what you guys call the fiscal bliss. >> we're hoping some deal can be struck. it shouldn't be overlooked that what is happening is what is happening in the national conversation about just how much ground americans want to give. you know, how much they want a model so much of what you're talking about in europe. these issues can't be raised separate from talking about, for example, the deficit, separate from talking about the economy because they really all do come together. >> right. and i think that was understood in constructing the constraints in the fiscal cliff because everybody has to give up something. if we go over the cliff, right? so there's across the board sequestration in defense and all kind of things the right doesn't want, either. furthermore, the revenue side is quite heavy in the fiscal cliff. that's why we think in the end they're
bush and the left, if you want to call it that, the center left in the united states, obama has given away more middle class entitlements, the unfunded medicare stuff, things like that. it's partly about the fiscal cliff. it's more about what you guys call the fiscal bliss. >> we're hoping some deal can be struck. it shouldn't be overlooked that what is happening is what is happening in the national conversation about just how much ground americans want to give. you know, how much they...
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Dec 10, 2012
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add obama care. then add 13.8 in california. and you're a small business, running as an "s" corporation, should you really pay higher than 50% of income into government? that's before any sales tax. that's before paying the cable tax to watch this show. that's before paying the water tax when you take a shower. think about that. and people want to just give more? and hope spending cuts will come at some later today? >> congressman, we hear you. we appreciate it. and thanks for appearing this morning. >> thanks for having mean >> okay. >> when we come back, the headline number on friday's jobs report shows better than expected payroll gains. but there were sceigns of weakns in the participation rate and downward provisions to earlier reports. steve liesman joins us next with more on how economists are reacting to those numbers. >>> tomorrow, "squawk box" is kicking off a special day of fiscal cliff coverage. rise above: mission critical. becky quick and jim cramer, live in washington. 33 special guests, grover norquist, congressm
add obama care. then add 13.8 in california. and you're a small business, running as an "s" corporation, should you really pay higher than 50% of income into government? that's before any sales tax. that's before paying the cable tax to watch this show. that's before paying the water tax when you take a shower. think about that. and people want to just give more? and hope spending cuts will come at some later today? >> congressman, we hear you. we appreciate it. and thanks for...
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Dec 19, 2012
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and since president obama saw -- well, won second term. i think both sides want to make use of this occasion to improve their relationship. so this joint annual meeting is a platform, and i think that they will probably be able to achieve some progress on issues of concern to both sides. but i don't see any sweeping changes. >> what's interesting, frank, and you point this out, are comments we got out of china's commerce minister or commerce secretary suggesting concern about quantitative easing because it was lowering the value of the foreign reserves, the dollar reserves that china holds. so china's apparently looking to sort of diversify away from those reserves into more generating assets. but it's having difficulty doing so because the u.s., because a lot of nations have been reluctant to let them in. any sign that attitudes there may be starting to change, particularly in light of the candidate deal? >> yeah. i think the nexen deal was good for china. the prime minister made in t clear this is not the beginning of a new trend. he sai
and since president obama saw -- well, won second term. i think both sides want to make use of this occasion to improve their relationship. so this joint annual meeting is a platform, and i think that they will probably be able to achieve some progress on issues of concern to both sides. but i don't see any sweeping changes. >> what's interesting, frank, and you point this out, are comments we got out of china's commerce minister or commerce secretary suggesting concern about quantitative...
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Dec 7, 2012
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president obama twice before has made declarative statements about what he's not willing to do. and frankly, all we've heard from the white house is what they're not willing to do. so the president has signed the it tension of these rates in the past. i think the underreported story in all of this drama are senate democrats that are wringing their hands and avoiding eye contact. >> mcconnell would have produce the brought it up not just as an amendment. >> we're too busy today, forget it. >> they can't pass it in their own house. >> so here is the question. the operative question is does this administration really want to take to us $22 trillion? is that really where they want to go? because that's the pathway. and if they do, aren't we better to deal with this right now? this doesn't get any better the longer we wait. when you have the speaker saying we're willing to move, our movement is to put revenue on the table -- >> are you saying a bucket of crazy is better than the long term implications? >> that's what the country is dealing with. neither are things you want to embrace
president obama twice before has made declarative statements about what he's not willing to do. and frankly, all we've heard from the white house is what they're not willing to do. so the president has signed the it tension of these rates in the past. i think the underreported story in all of this drama are senate democrats that are wringing their hands and avoiding eye contact. >> mcconnell would have produce the brought it up not just as an amendment. >> we're too busy today,...
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i think that president obama's right about this. but i think compromise is going to be necessary to achieve some result. >> let me bring in abbe. your father is known as a moderate republican and a good dealmaker, a man who used to negotiate. what do you make of this? and what does he make of this? >> i think morale is so low right now. the country's so divided. especially for my generation. we're the ones that are going to be handed down the $60 trillion deficit. they will come to a deal. but right now, it's political theater. and it's probably going to look like the simpson-bowles. that will come full-circle again. >> here's a problem the republicans have got themselves into. is obama has been very clever here, the president. i think what he's done is skillfully said to the public, if he goes over the fiscal cliff, the republicans are prepared to make the entire middle class to pay more tax to save 2% of the wealthiest americans paying a little bit more. and that's a very bad position for the republicans to find themselves in, isn
i think that president obama's right about this. but i think compromise is going to be necessary to achieve some result. >> let me bring in abbe. your father is known as a moderate republican and a good dealmaker, a man who used to negotiate. what do you make of this? and what does he make of this? >> i think morale is so low right now. the country's so divided. especially for my generation. we're the ones that are going to be handed down the $60 trillion deficit. they will come to...
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. >> that is president obama and the democrats to save you for being higher taxes. >> this fiscal cliff thing, the problem with the republicans larry, is that they have been boxed in by the democrats into a difficult position where the polls confirm that the public in america believe that the reason that president obama is going to win the debate that if he goes over, that they are going to save the backsides of the wealthy 2% of americans. i probably shouldn't but i do. >> with which i agree but i think the risk here for the gop is that they become the party of rich people. and i think you saw that in the election. i don't think that is their intent. i think their intent is quite sound. >> they are becoming the party of rich white older men. you can't think of any other section of the community right now thinking the republican party is for me. >> i think that is why the politics of this make it possible to go over the cliff. i think the democrats see if we go over the cliff the republicans get blamed. meanwhile. i think the republicans worry about bei ining blamed by a pri contender w
. >> that is president obama and the democrats to save you for being higher taxes. >> this fiscal cliff thing, the problem with the republicans larry, is that they have been boxed in by the democrats into a difficult position where the polls confirm that the public in america believe that the reason that president obama is going to win the debate that if he goes over, that they are going to save the backsides of the wealthy 2% of americans. i probably shouldn't but i do. >>...
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Dec 10, 2012
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president obama paid tribute to the fallen s.e.a.l. saying quote, he gave his life for his fellow americans, end quote. chris lawrence is at the pentagon right now with home run on this mission. first of all, i think, chris, a lot of people didn't even know there was a doctor who had been kidnapped and needed rescuing. what's the story behind this? >> and that's not all that unusual. a lot of times, they will not publicize a kidnapping while they are still sorting out the particulars or trying to ascertain whether they might launch a rescue mission. it often does more harm than good to put it out there and put the details out there. so that's not all that unusual. in this case, the doctor was working for morning star. a non-profit agency. he was with two local afghan, i believe at least one of them was a doctor as well, and they were coming back from a rural medical clinic east of kabul when armed men basically stopped their vehicle and kidnapped them. they then took them to a camp about 50 miles from the pakistani border and over the
president obama paid tribute to the fallen s.e.a.l. saying quote, he gave his life for his fellow americans, end quote. chris lawrence is at the pentagon right now with home run on this mission. first of all, i think, chris, a lot of people didn't even know there was a doctor who had been kidnapped and needed rescuing. what's the story behind this? >> and that's not all that unusual. a lot of times, they will not publicize a kidnapping while they are still sorting out the particulars or...
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barack obama after being reelected, he has to think of a legacy now. does he want his legacy to be a series of further mass shootings in which he did nothing. because there are going to be more mass shootings. there have been four already in the last four years of increasing appalling detail. there is going to be worse. >> i think that you're right in the sense that every cause has an inflection point. and this may be the inflection point for the cause of people who want to at least see a reinstatement of the assault weapons ban. but i think that what we have to do as a society, and what i hope the president will be prepared to do is to say we have to start on -- start stopping the proliferation of guns in a soechlt what we're fast approaching at the moment is where we will have more guns in this country than we have human beings. >> actually, you have about 300 million guns in circulation. the population is -- >> 311, right. >> how many children. >> right. >> you already have more guns than there are adults in america. >> according to gallup, 45% of p
barack obama after being reelected, he has to think of a legacy now. does he want his legacy to be a series of further mass shootings in which he did nothing. because there are going to be more mass shootings. there have been four already in the last four years of increasing appalling detail. there is going to be worse. >> i think that you're right in the sense that every cause has an inflection point. and this may be the inflection point for the cause of people who want to at least see a...
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revenue has gone up every single year in the obama administration, and now we're at historic highs. the difference is our spending increased a trillion dollars from five years ago, but the revenue is the same. >> a lot of that spending is things to help the economy, right? it's the payroll tax cut extension, which your party supported, right? it's extending unemployment benefits and things like that. it's the war. >> right. that's going to be the challenge of the whole perspective right now. we have two philosophies. one is saying we're spending too much and the other is saying we don't spend enough. obviously the last four years are spending more to stimulate. i'm not sure if that will work long-term. we've crossed 100% of debt to gdp. i don't think that gets better as you get higher. >> the only thing that confuses me about it, i feel like in a situation where all you do is keep cutting taxes and have a revenue problem, right? you give a tax cut to the middle class you don't want it to take it away from them. you keep giving out things p and you never take them back. >> well, that
revenue has gone up every single year in the obama administration, and now we're at historic highs. the difference is our spending increased a trillion dollars from five years ago, but the revenue is the same. >> a lot of that spending is things to help the economy, right? it's the payroll tax cut extension, which your party supported, right? it's extending unemployment benefits and things like that. it's the war. >> right. that's going to be the challenge of the whole perspective...
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revenue has gone up every year of the obama administration and now, we're at historic highs. the same as we were five years ago. the difference is, our spending has increased a trillion dollars. >> yeah, but a lot of that spending is things to help the economy. it's the payroll tax cut extension, which your party supported. it's extending unemployment benefits. it's things like that. t the war. >> that's going to be the challenge of the whole perspective. we've got two philosophies. one says we're spending too much. the other saying we're not spending enough. that's hurting our economy. obviously, the last four years have been more focused on the spending. we continue to pile up more and more debt, we've crossed 100% of debt to gdp. >> but you're line of thinking, the tax side, so we end up spending more thanks to democrats and the country is going to a worst place. >> the context is really important on this. in 2003 when tax rates were brought down. and then in 2010, we were still in a bad place, the president and democrats said the economy's weak, we can't raise taxing on a
revenue has gone up every year of the obama administration and now, we're at historic highs. the same as we were five years ago. the difference is, our spending has increased a trillion dollars. >> yeah, but a lot of that spending is things to help the economy. it's the payroll tax cut extension, which your party supported. it's extending unemployment benefits. it's things like that. t the war. >> that's going to be the challenge of the whole perspective. we've got two philosophies....
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president of the united states, barack obama. >>> the poem is called "other." it's written by a beautiful young woman. her name is neo. sadly, that word other is how people are forced to describe ethnicity because they don't fit if a certain box. she says she was too light skinned for the black kids she grew up around. teasing and taunts of childhood still haunt her today. soledad o'brien tells her story. >> it's a poem about her life. but neo jones is struggling to recite it it aalways called me white girl. i was never ashamed of myself until they taught me to be ashamed. >> reporter: she calls it "other" or the biracial poem. it's about being bullied by black kids. >> i remember the taunts well in to the nights. the brands of vanilla took years to fade. >> reporter: now the tough part. she has to perform it at the first spoken word poetry competition of the season. it's painful. >> i pretended. no black mother to explain how this tall white man ended up with a short chestnut skinned girl. they doubted he was ever my father. >> reporter: seven hours until show
president of the united states, barack obama. >>> the poem is called "other." it's written by a beautiful young woman. her name is neo. sadly, that word other is how people are forced to describe ethnicity because they don't fit if a certain box. she says she was too light skinned for the black kids she grew up around. teasing and taunts of childhood still haunt her today. soledad o'brien tells her story. >> it's a poem about her life. but neo jones is struggling to...
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president obama isn't negotiating like we just heard. he's negotiating to raise the tax rates on the rich as a downpayment on a larger deal to come later as far as taxes are concerned and medicare is concerned. >> let's allow higher rates to go up for the top two percent, that includes all of you, yes. but not in anyway that's going to affect your spending, your lifestyles or the economy in any significant way. let's make sure that 98% of americans don't see a single dime in tax increases next year. 97% of small businesses don't see an increase in taxes next year. and by doing that alone, we raise almost a trillion dollars. >> let's bring in our chief political analyst right now, the president also had a specific warning for members of congress, the republicans on the issue of raising the debt ceiling. listen to this. >> if congress in anyway suggests they're going to tie negotiations to debt ceiling votes, and take us to the brink of default once again as part of a budget negotiation, which by the way we have never done in our history u
president obama isn't negotiating like we just heard. he's negotiating to raise the tax rates on the rich as a downpayment on a larger deal to come later as far as taxes are concerned and medicare is concerned. >> let's allow higher rates to go up for the top two percent, that includes all of you, yes. but not in anyway that's going to affect your spending, your lifestyles or the economy in any significant way. let's make sure that 98% of americans don't see a single dime in tax increases...
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the obamas pushed the button to light up the big blue spruce. some 17,000 people were on hand last night for the 90th annual tree lighting ceremony. >>> police in springfield, massachusetts are on the lookout for a jogger who runs in the buff. they say people on their way to work wednesday morning reported a man, probably in his 50s, running without any clothes on. no shoes either. police say they're concerned about why he's doing it and that he's reportedly done it before. >>> a packed hour ahead on "early start," including breaking news out of japan. a tsunami warning in the same area where the big one hit as another earthquake strikes off the coast shaking buildings for minutes. >>> it can be one of the most exciting plays in football and one of the most dangerous. could kickoffs become a thing of the past to save players a future of pain? we'll talk about that with former linebacker chris draft. >>> and two weeks before christmas, is this portrait of christ weeping? first reporting for duty, south carolina right on cue, the twitter campaign
the obamas pushed the button to light up the big blue spruce. some 17,000 people were on hand last night for the 90th annual tree lighting ceremony. >>> police in springfield, massachusetts are on the lookout for a jogger who runs in the buff. they say people on their way to work wednesday morning reported a man, probably in his 50s, running without any clothes on. no shoes either. police say they're concerned about why he's doing it and that he's reportedly done it before....
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president obama made a very pointed warning publicly to the syrian leadership. secretary clinton has done that twice on her current trip. secretary clinton will be meeting with the russian foreign minister and the u.n. mediator in syria today in brevlin. >> let's talk about those meetings. >> you can be sure that this issue of chemical weapons will be at the top of the list. >> no question about that. what are the options there? what can the international community do at this point if, in fact, they are already in a position where they're loading these components on to the weapons? >> well, one is this public message from the united states, from the nato secretary general and from the russians. the syrian government, including assad personally, will be held accountable. second is perhaps to see if the russians can use their influence. they're the big egest arms supplier to syria, the biggest ally that syria has, to dissuade the syrians from letting this chemical weapons loose or using them against the rebel alliance. if assad should fall and there's a chaotic pe
president obama made a very pointed warning publicly to the syrian leadership. secretary clinton has done that twice on her current trip. secretary clinton will be meeting with the russian foreign minister and the u.n. mediator in syria today in brevlin. >> let's talk about those meetings. >> you can be sure that this issue of chemical weapons will be at the top of the list. >> no question about that. what are the options there? what can the international community do at this...
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>>> president obama out promoting his plan to avoid the so-called fiscal cliff. he's taking his message directly to the american people. the president is taking a tour of the detroit diesel corporation, that is in redford, michigan. the company is owned i did dahmdahmby dahmer, maked diesel engines. for the truckers who rely on diesel fuel, there might be a big change down the road. many believe that natural gas is the next big thing in long haul trucking. that story from torrey dunham. >> reporter: diesel is king here at the flying j truck stop near richmond, virginia. with it, nathaniel keating pushed his rig 3.5 million miles. >> you name it, i've hauled it. >> reporter: but truckers here don't have to look far to see the future. alone in a corner sits a new liquefied gas island. ong is cheap, cleaner and supporters say more plentiful than diesel. but there is a problem. say you want to drive a truck like this coast to coast using only liquid natural gas. here's what you would be up against. these are the only open and public fueling stops across the country a
>>> president obama out promoting his plan to avoid the so-called fiscal cliff. he's taking his message directly to the american people. the president is taking a tour of the detroit diesel corporation, that is in redford, michigan. the company is owned i did dahmdahmby dahmer, maked diesel engines. for the truckers who rely on diesel fuel, there might be a big change down the road. many believe that natural gas is the next big thing in long haul trucking. that story from torrey...
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president obama, the democrats aren't looking to raise anyone's taxes. what they're doing is allowing the bush tax cuts to expire. in other words, allow the tax to go back to where they were when we created jobs. i think, if the republicans are able to say, look, we're willing to allow tax to go for 98% of the nation so that we can talk about entitlements, i think that characterization of the conversation will help them in terms of image because right now it doesn't look as if they care about the middle class. they need to focus in on the fact that they're allowing 98%, the majority of the bush tax cuts to be extended, and they can claim that as a victory. i think you will see a shift in the way people are viewing who's at fault in the fiscal cliff conversation, and you'll be able to have a much more positive attitude about the republicans heading into this so-called battle well hillary clinton in the future. >> l.z. granderson and will cain, thank you, gentlemen. we appreciate it. >> thanks, ted. >>> washington, including president obama, went gangnam s
president obama, the democrats aren't looking to raise anyone's taxes. what they're doing is allowing the bush tax cuts to expire. in other words, allow the tax to go back to where they were when we created jobs. i think, if the republicans are able to say, look, we're willing to allow tax to go for 98% of the nation so that we can talk about entitlements, i think that characterization of the conversation will help them in terms of image because right now it doesn't look as if they care about...
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56% thought obama and democrats would. only 43% thought the republicans would. will the president not act in good faith? 38% thought president wouldn't act in good faith. 51% thought republicans wouldn't act in good faith. but if there's no deal and the country goes over that fiscal cliff, taxes go up for everyone, mandatory spending cuts go into effect, a lot of folks are going to say where was the president? he was just re-elected. why couldn't he put together a package, a deal to avoid this disaster? >> i think this is a question of political leadership. and as that poll showed, there's no doubt that the president has the political advantage going into this. but at some point, and i think we're kind of getting close to it, the president has to be able to pivot and to say how do i turn this political advantage into a real policy accomplishment? and, wolf, i don't think you're going to do that with continued campaign style events like we just saw meeting with middle class families. okay. we get that. that occurred during the campaign. the white house has clearl
56% thought obama and democrats would. only 43% thought the republicans would. will the president not act in good faith? 38% thought president wouldn't act in good faith. 51% thought republicans wouldn't act in good faith. but if there's no deal and the country goes over that fiscal cliff, taxes go up for everyone, mandatory spending cuts go into effect, a lot of folks are going to say where was the president? he was just re-elected. why couldn't he put together a package, a deal to avoid this...
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one of the mistakes i think the republican party made the last two years is trying to make obama the issue without sharing with america bold reform ideas that get people inspired to get behind us. >> following the rules of the senate south carolina's governor will be named with an immediate successor to fill demint's seat, and then the state will hold a special election for the voters to choose a permanent replacement. we'll have more at the top of the hour, and also, this story. a brave young boy who lost his home and his school in hurricane sandy. well, he is now talking about coping with life. >> when something brings you down, you got to get up. >> you okay, buddy? >>> one family is doing more than a lot after the tragedy that destroyed tens of thousands of homes on the east coast. [ wh] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. [ woman ] ♪ what i want this season ♪ if you'd like to try and guess ♪ â™
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president barack obama, u.s. secretary of state hillary clinton that the use of chemical weapons in syria was a red line for which syria and the bashar al assad regime would face severe consequences if they ever did cross that red line and utilize chemical weapons against the people of syria. >> and we have no idea what those severe consequences would be, right? >> reporter: that's right, we don't. you know, people speculate that this would mean some type of military intervention, but we also know that a lot of world powers have not wanted to intervene militarily in syria. that they've wanted what's going on in syria to happen within syria. but the fear is if chemical weapons are utilized, and again, the syrian regime has said on many occasions, they are not going to use chemical weapons against their population, that that would mean there would be some type of military intervention, although it's unclear what scope that type of military intervention would take. >> mohammed jamjoom live in beirut, thanks very muc
president barack obama, u.s. secretary of state hillary clinton that the use of chemical weapons in syria was a red line for which syria and the bashar al assad regime would face severe consequences if they ever did cross that red line and utilize chemical weapons against the people of syria. >> and we have no idea what those severe consequences would be, right? >> reporter: that's right, we don't. you know, people speculate that this would mean some type of military intervention,...
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they blamed obama care. negative media coverage of how it plans to handle health care reform hurt its bottom line. in the past the company planned to reduce costs and that idea, i guess, earned them some bad press. >> but now dardin seems to be having a change of hard. on thursday the company issued this statement "none of darden's current full-time employees, hourly or salaried, will have their full-time status changed as a result of health care reform." >> if you're planning to follow up that saturday night dinner with a movie, perhaps. netflix is back in the news and the issue is raising a very interesting subject. here's the background reed hastings posted a comment on his facebook page. netflix customers were viewing more than 1 billion hours a month. >> the company never issued a press release nor did they tell security and the security and exchange commission. so, therein lies the problem. they have to make public announcements when it is considered material to shareholders. they notified facy eied ce
they blamed obama care. negative media coverage of how it plans to handle health care reform hurt its bottom line. in the past the company planned to reduce costs and that idea, i guess, earned them some bad press. >> but now dardin seems to be having a change of hard. on thursday the company issued this statement "none of darden's current full-time employees, hourly or salaried, will have their full-time status changed as a result of health care reform." >> if you're...
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, and it was very clear on obama wanted tax raised for the highest income americans. didn't the american people make that choice in voting for him, the electoral college and the popular vote? so isn't it incumbent on republicans to at least accept some upper income tax raise there? >> i think that the american public voted for the status quo. they voted for the gridlock that they had before the election. i think it's a little foolish of the american people to think they are going to get something different based on what they voted for. >> you think they want the status quo? >> people are locked in in the house, largely for redistricting. well, they voted for it. whether they wanted it or not, to think these people are going to change long-held habits based on one election, i think is a little bit silly. we're going to have gridlock in washington and frankly, i think gridlock is a good thing, not a bad thing. it keeps congress from taking away more liberties. >> the other thing, anderson, is that when you look at the members of congress, overwhelmingly, they were re-el
, and it was very clear on obama wanted tax raised for the highest income americans. didn't the american people make that choice in voting for him, the electoral college and the popular vote? so isn't it incumbent on republicans to at least accept some upper income tax raise there? >> i think that the american public voted for the status quo. they voted for the gridlock that they had before the election. i think it's a little foolish of the american people to think they are going to get...
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watch the obama pet inspect the famous white house christmas decorations. lack at this. ♪ ♪ ♪ >> that is my favorite piece of video that i've seen in several weeks now. >> i love it. >> he's so. cocks his little head and ends up with a santa hat. is it me. >> just strolls through, blue room, we're good. red room, all's well, and he's not rushing around. a really well-behaved dog. >> it is. even on the video, he gets some great close-ups of his paws, he's a great dog. if you're a dog lover, even if you're not, a great video. check it out. it's on cnn.com as well if you want to watch it again for fun. >>> well, we all buy the occasional $4 latte, but would you fork over three more for plain black coffee, none of that fancy flavor, any special milk? starbucks is hoping you will, and we're trying to find anyone who will buy it. >> yeah. none in here. but first, if starbucks coffee isn't your thing, maybe it's time to take a trip to paris. that's where we find our alina cho in this week's travel insider. >> reporter: i lived in paris during college, so goi
watch the obama pet inspect the famous white house christmas decorations. lack at this. ♪ ♪ ♪ >> that is my favorite piece of video that i've seen in several weeks now. >> i love it. >> he's so. cocks his little head and ends up with a santa hat. is it me. >> just strolls through, blue room, we're good. red room, all's well, and he's not rushing around. a really well-behaved dog. >> it is. even on the video, he gets some great close-ups of his paws, he's a...
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obama is expected to call on a scale back plan that would only extend middle class tax breaks and unemployment benefits if the negotiations fail. republican senator mitch mcconnell is hoping there will be a plan to present today. >>> some sad news from hollywood. harry carey jr. has died. best known for his work in westerns appeared in almost 100 films including ten with john wane. but his career wasn't limited to the silver vene. he served in the u.s. navy during world war ii. he was 91. >>> caught on tape, the terrifying moments when a russian plane hurdled past a runway and sent debris crashing on to a highway in moscow. another driver capturing the scene on his car's dashboard camera. four people onboard the russian red wings flight were killed and four others were injured. the cause of the crash is under investigation. >>> and it's not just the fiscal cliff that could impact your wallet. we'll tell you why something called the dairy cliff could make your grocery bill soar if congress doesn't do something soon. [ rosa ] i'm rosa and i quit smoking with chantix. when the doctor told me that
obama is expected to call on a scale back plan that would only extend middle class tax breaks and unemployment benefits if the negotiations fail. republican senator mitch mcconnell is hoping there will be a plan to present today. >>> some sad news from hollywood. harry carey jr. has died. best known for his work in westerns appeared in almost 100 films including ten with john wane. but his career wasn't limited to the silver vene. he served in the u.s. navy during world war ii. he was...
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a curious thing happened in the days following barack obama's election. a group of texans filed a petition. they wanted it can to succeed from the not so united states of america. the movement spread further encompassing each of the 50 states in the unions. it's a ridiculous exercise that will go nowhere. there are some real impulses across the atlantic. europe will have a new state. look at katacatalonia. the vote follows an unprecedented demonstration in september when about one million catalons marched the streets demanding state hood. the entire population is only about 7.5 million. the next step could be a public referendum on breaking away. consider scotland which has already reached that point. in october british prime minister dave cameron agreed to a deal allowing scotts to vote in 2014 as to whether they want to succeed. then there's the strange case of belgium. the people people dutch in the northern region. in the southern region they speech french. the people elected a set of local leaders who want to break away from belgium. why are break aw
a curious thing happened in the days following barack obama's election. a group of texans filed a petition. they wanted it can to succeed from the not so united states of america. the movement spread further encompassing each of the 50 states in the unions. it's a ridiculous exercise that will go nowhere. there are some real impulses across the atlantic. europe will have a new state. look at katacatalonia. the vote follows an unprecedented demonstration in september when about one million...
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we heard a lot of soul searching in the weeks after president obama won re-election. here's how rnc chairman ryan pribus put it. >> don't draw any quick conclusions other than we lost and we know that. in order to get back in the game you have to look at and do a full autopsy on what happened. what we did well and what we didn't do well. >> from tax pledges to immigration and there is a whole lot to talk about. let's start with the no new tax pledge. a number of top republicans have come out saying they'll turn their back on the pledge if it gets a deal done on the fiscal cliff. >> i think a lot of people made the pledge 20 years ago, 50 years ago and i think they realize we're in a very critical time for our country and this issue has to be dealt with. revenues needs to be a part of the component and entitlement reform, true entitlement reform has to be there also in order for us to put this in the rear view mirror. >> that's a big change. so what would the former republican party flag bearer say. >> change can't be measured in speeches. it's measured in results. >>
we heard a lot of soul searching in the weeks after president obama won re-election. here's how rnc chairman ryan pribus put it. >> don't draw any quick conclusions other than we lost and we know that. in order to get back in the game you have to look at and do a full autopsy on what happened. what we did well and what we didn't do well. >> from tax pledges to immigration and there is a whole lot to talk about. let's start with the no new tax pledge. a number of top republicans have...
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"time" magazine named president barack obama. another world leader snagged the number one spot in time's reader poll with 12.6 million votes. so spill it. who was if? >> we're supposed to tell you "time" magazine will be the first to tell you this is not scientific. >> i'm sure. >> north korea's supreme leader, youngest head of state currently in the world kim jong-un. >> why the fascination with him? >> he's intriguing because he's the third in the kim dynasty. he's the third and youngest son, but his father thought he had bha it took to the supreme leader. interesting enough, he went to school in switzerland and he's an nba and nike fan and does his own buzz cuts, which have become a trend in north korea. >> he does that hair himself? >> yes. he has a fear of barbers. >> i guess you never know who will come after you. "the onion" as a joke named him sexiest man in alive in a poll. it was meant to be a joke. the chinese published it thig it was real. >> we know it's not real. good about him is he showed his wife. that gives a lo
"time" magazine named president barack obama. another world leader snagged the number one spot in time's reader poll with 12.6 million votes. so spill it. who was if? >> we're supposed to tell you "time" magazine will be the first to tell you this is not scientific. >> i'm sure. >> north korea's supreme leader, youngest head of state currently in the world kim jong-un. >> why the fascination with him? >> he's intriguing because he's the third in...